State Street
Global Credit Finance Credit Analyst, Assistant Vice President
State Street, Boston, Massachusetts, us, 02298
About Us
Global Credit Finance (GCF) is the lending division of State Street, comprised of ~120 professionals globally. Both very nimble and profitable, GCF’s mandate is to attract, serve and retain State Street's clients through the extension of credit, while optimizing the profitability of a diversified portfolio of loans constructed within balance sheet constraints.
GCF is comprised of five product groups including Fund Finance, Leveraged Loans, Commercial Real Estate (CRE) Lending, Stable Value Wrap and Municipal Finance. The candidate will join the Fund Finance Real Money Funds team.
The Fund Finance Real Money Funds Team
Real Money Funds sits within the Fund Finance department, which is a key driver of revenue for the division totaling $25B of commitments. The Real Money Funds team provides loans to Regulated Mutual Funds. Many of the team’s clients are part of larger valuable relationships to State Street Bank. The team is responsible for analyzing the credit, negotiating legal documents and fostering strong client relationships.
Who We Are Looking For
The incoming AVP on the Boston team should possess a positive attitude and strong quantitative skills. The successful candidate will have an ability to work effectively with internal stakeholders to assist in the underwriting of syndicated, bilateral or agented mutual fund lines of credit.
Why This Role Is Important to Us
The team you will be joining plays an important role in the overall success of Global Credit Finance and the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. You will help us build resilience and execute day-to-day deliverables at our best.
What You Will Be Responsible For
As a Real Money Funds AVP you will:
Assist account officers with the due diligence process and underwriting of Regulated Mutual Funds, with the ability to independently analyze financial statements and other information pertinent to the borrower;
Work closely with senior account officers to review and negotiate legal documents;
Respond to requests for information from Enterprise Risk Management (ERM), internal audit and bank examiners; maintain high responsiveness and service quality across internal constituencies;
Work with Loan Operations and customers as appropriate to facilitate operational aspects of credit relationship;
Demonstrate the ability to identify, prioritize and escalate critical issues to senior management;
Work closely with account officers to continue to develop industry knowledge as well as underwriting and portfolio management skills, understanding of policies and procedures for credit and portfolio administration, and management of the legal documentation process;
May also be relied upon to handle assigned projects.
What We Value
These skills will help you succeed in this role:
Demonstrated expertise in credit markets, commercial loan structuring, risk assessment, and legal documentation.
Strong analytical, credit underwriting and problem-solving skills.
Excellent interpersonal, organizational and communication skills.
Experience in credit facility origination/underwriting.
Familiarity with KYC/AML.
A positive attitude, a client service mindset and high level of attention to details.
Strong Excel skills and prior Salesforce experience is desirable.
Capability to meet tight deadlines.
Education & Preferred Qualifications
Bachelor’s degree in business, finance, or related field; MBA or CFA a plus but not required.
Minimum of 5+ years of experience in credit analysis, minimum of 2+ years of experience with legal documents and client negotiation.
Proficiency with Excel, PowerPoint and Salesforce.
Salary Range:
$90,000 - $142,500 Annual The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ. State Street is an equal opportunity and affirmative action employer. Discover more at StateStreet.com/careers.
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$90,000 - $142,500 Annual The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ. State Street is an equal opportunity and affirmative action employer. Discover more at StateStreet.com/careers.
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